Earnings (Loss) per Common Share (Tables)

12 Months Ended

Jun. 30, 2023

Schedule of Calculations Basic and Diluted Earnings (Loss) per Common Share

The calculations of basic and diluted earnings (loss) per common share for the years ended June 30, 2023, 2022 and 2021 were as follows:


	Years Ended June 30,
(in millions, except per share data)	2023		2022		2021
Net income (loss)	$	56.4	$	(49.1)	$	(229.6)
Dividends allocated to participating securities	(0.4)		(0.1)		(0.4)

Earnings (loss) available for common shareholders used in calculation of basic earnings (loss) per share	$	56.0	$	(49.2)	$	(230.0)

Weighted average number of common shares outstanding, basic	48.8		48.5		48.3

Basic earnings (loss) per common share	$	1.15	$	(1.01)	$	(4.76)

Net income (loss)	$	56.4	$	(49.1)	$	(229.6)
Dividends allocated to participating securities	(0.4)		(0.1)		(0.4)

Earnings (loss) available for common shareholders used in calculation of diluted earnings (loss) per share	$	56.0	$	(49.2)	$	(230.0)

Weighted average number of common shares outstanding, basic	48.8		48.5		48.3
Effect of shares issuable under share-based compensation plans	0.4		—		—

Weighted average number of common shares outstanding, diluted	49.2		48.5		48.3

Diluted earnings (loss) per common share	$	1.14	$	(1.01)	$	(4.76)

Schedule of Awards Issued Under Share-Based Compensation Plans Excluded from the Calculations of Diluted Earnings per Share

The following awards issued under share-based compensation plans were excluded from the calculations of diluted earnings per share above because their effects were anti-dilutive:


	Years Ended June 30,
(in millions)	2023	2022	2021
Stock options	0.7	1.9	2.1